
ACCOTAX - Accountants & Tax Consultants
Welcome to ACCOTAX, a firm of Chartered Accountants in London. The firm was established in 2009 and has helped thousands of businesses and individuals...See More

ACCOTAX - Accountants & Tax Consultants
Welcome to ACCOTAX, a firm of Chartered Accountants in London. The firm was established in 2009 and has helped thousands of businesses and individuals...See More
Frequently asked questions
What services do contractor accountants typically provide?
Contractor accountants usually handle Self Assessment tax returns, VAT registration and filing, Corporation Tax computations, payroll, and dividend planning. They also offer IR35 advice, expense management, and company formation support. Many provide bookkeeping and annual accounts preparation. Their expertise ensures contractors remain compliant with HMRC rules whilst maximising tax efficiency.
Why should contractors choose an ACCA or ICAEW qualified accountant?
ACCA and ICAEW qualifications are globally recognised and require rigorous training and ongoing professional development. Choosing a qualified accountant ensures up-to-date knowledge of HMRC legislation and ethical standards. It also provides assurance that the professional is regulated and accountable. This reduces risk and ensures accurate tax returns and compliance.
How can contractor accountants help with IR35 compliance?
Contractor accountants assess contracts and working practices to determine IR35 status. They advise on whether a contract falls inside or outside IR35 and help structure engagements to minimise risk. They also assist with HMRC enquiries and provide documentation to support status. This proactive approach helps contractors avoid penalties and unexpected tax liabilities.
What is the difference between a contractor accountant and a general accountant?
Contractor accountants specialise in the unique needs of freelancers and limited company directors, including IR35, dividend planning, and contractor-specific expenses. General accountants may lack this niche expertise. A specialist understands HMRC rules for contractors and can provide tailored advice to optimise tax efficiency and ensure compliance.
How do I switch to a new contractor accountant?
Switching is straightforward. Inform your current accountant in writing, settle any outstanding fees, and request a handover of records. Your new accountant can contact HMRC and update authorisations. Many firms manage the transition smoothly, ensuring no disruption to filings or deadlines. Clear communication ensures a seamless change.
What should I look for when comparing contractor accountants?
Compare qualifications, experience with contractors, fees, and range of services. Check for ACCA, ICAEW, or AAT accreditation. Read reviews and ask about IR35 expertise, response times, and software compatibility. A good accountant offers transparent pricing, proactive advice, and support with HMRC and tax returns.
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